The term "balance of trade" refers to the:
a. importing and exporting of goods.
b. importing and exporting of goods and services.
c. current account trade balance.
d. capital outflows minus inflows.
a
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Proponents of deficit reduction argue that the principal effect will be an
A. outward shift of the aggregate supply curve. B. inward shift of the aggregate supply curve. C. outward shift of the aggregate demand curve. D. inward shift of the aggregate demand curve.
The likely effect of a contractionary monetary policy in Japan would be to:
A. decrease the value of the dollar and increase the U.S. trade deficit. B. increase the value of the dollar and decrease the U.S. trade deficit. C. increase the value of the dollar and the U.S. trade deficit. D. decrease the value of the dollar and the U.S. trade deficit.